Culture
Oracle denies report on OpenAI data centre delays
[BENGALURU] Oracle denied on Friday (Dec 12) a media report that it was delaying OpenAI-related data centres, following investor worries over its debt-fuelled artificial intelligence (AI) infrastructure buildout.Bloomberg News...
Oil posts weekly loss on oversupply concerns
IEA forecasts published on Thursday indicated that global oil supply will exceed demand by 3.8 million barrels per day next year[HOUSTON] Oil prices closed lower on Friday (Dec 12),...
Wall Street ends lower; fears of AI bubble and inflation send investors away
Other companies that have benefited from AI bets but went into reverse on Friday included SanDisk[BENGALURU] The S&P 500 and the Nasdaq closed down more than 1 per cent...
AI jitters knock Stoxx 600 lower, wiping out early-week gains
Investors also favour a likelihood of White House economic adviser Kevin Hassett becoming the next Fed chair, a scenario that could lead to more cuts next year[BENGALURU] European shares...
When You Want to Gift Something Truly Special
Here are a few extra-special gift ideas you can give this holiday season. 1. PeterGrimm Hats I’m not sure when I first came across Peter Grimm Hats, but the...
Hutchison Port Holdings’ Shenzhen port land appropriated by municipal government for 15.6 million yuan
[SINGAPORE] The trustee-manager of Hutchison Port Holdings Trust (HPH) on Friday (Dec 12) said that land currently held by one of its subsidiaries will be acquired by the Chinese...
OUE Reit secures S$100 million unsecured loan facility
Proceeds will be used for capital expenditure, working capital and general funding purposes [SINGAPORE] OUE Real Estate Investment Trust (OUE Reit) has entered into a S$100 million unsecured loan...
OUE Reit gets S$100 million unsecured loan facility
Proceeds will be used for capital expenditure, working capital and general funding purposes [SINGAPORE] OUE Real Estate Investment Trust (OUE Reit) has entered into a S$100 million unsecured loan...
Australia unveils rescue bid for Rio Tinto’s Tomago aluminium smelter
“If Australia doesn’t produce aluminium, then the knock-on effect in other industries is significant,” warns Prime Minister Anthony Albanese[SYDNEY] Prime Minister Anthony Albanese announced on Friday (Dec 12) a...
ST Engineering’s US unit among defendants in UPS plane crash lawsuit
Lawsuit alleges negligence in maintenance checks by subsidiary VT San Antonio Aerospace[SINGAPORE] ST Engineering’s United States subsidiary, VT San Antonio Aerospace (VT SAA), was one of several companies named...
